Goldman Sachs analysts stated that recent developments, including reported US strikes on Iranian oil tankers and retaliatory threats by Iranian officials, have heightened concerns over potential shipping disruptions in the Middle East. In response to these reported actions, Iranian authorities indicated they may establish a new exclusion zone affecting the Strait of Hormuz, which analysts suggest could lead to increased volatility in crude oil and natural gas markets.

Ukrainian officials reported a Russian missile attack on Kyiv on Tuesday, which they stated involved both ballistic and cruise missiles and resulted in damage to residential buildings and other infrastructure. The strikes occurred following visits by U.

S. envoys Steve Witkoff and Jared Kushner to both Moscow and Kyiv, where Witkoff claimed a temporary ceasefire had been agreed upon prior to the attacks.

US Central Command (CENTCOM) reported that its forces have redirected 94 commercial vessels and boarded two ships in the Arabian Sea while enforcing a blockade against Iran. In response, Iranian Supreme National Security Council Secretary Mohsen Rezaei stated on social media that Tehran has "recalibrated" its military posture and is considering establishing a maritime exclusion zone in the Persian Gulf to counter economic sanctions.

British Prime Minister Andy Burnham and U.S. President Donald Trump held a phone call on Monday, with Downing Street stating they agreed to continue working toward a Ukrainian ceasefire. This diplomatic exchange occurred one day after U.S. envoys Steve Witkoff and Jared Kushner met with both President Volodymyr Zelensky in Kyiv and President Vladimir Putin in Moscow, expressing hope for renewed trilateral negotiations.